In simple terms, a group of big investors (whales) are still trading a lot of Dogecoin. They are not giving up on the meme coin, even though its price dropped by 18% recently. The total number of addresses involved in Dogecoin transactions increased to 63,689 in the past three days. This marks the largest 3-day growth in six months. Furthermore, more than 1,200 transactions worth over $100,000 were recorded prior to the local top on Saturday, which is the highest whale activity since May 26-28.
Cryptocurrency trader Ali Martinez also highlighted the formation of a MACD bullish crossover on the weekly chart. He mentioned that previous occurrences of MACD bullish crossovers led to rallies of 90% and 180%, respectively. If a new MACD bullish crossover forms soon, it could signal a positive move for Dogecoin.
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"Sorry to break it to you, but if you're a woman whose bio starts with "fascinated by…" and ends with a link to a GoFundMe, you're probably not an expert."
### A Santa
in a Zerox machine.
### The Crowd
: A Circular of Pulp
### It's A Good Time To Be A NASCAR Fan
There's a growing popularity of NASCAR racing in recent years, mainly because of the potential big winnings and, let's face it, the excitement that comes with watching fast cars race around tracks at breakneck speeds. But, the real reason why NASCAR has become so popular is because of its intense racing action and the surprising fact that you can actually drive a race car yourself. The question is: Why do people enjoy driving fast cars so much?
### The Thrill of Speed
One of the main reasons why people love driving fast cars is the thrill that comes from driving at high speeds. You can feel the adrenaline rush as you step on the gas pedal, and the car speeds up, and you hear the engine roar. It's exhilarating, to say the least, and it's something that you just can't get enough of.
### The Competition
Another reason why people love driving fast cars is the competitive nature of racing. You can race against your friends or against other drivers, and the winner is the one who completes the race in the fastest time. It's an exciting and challenging way to test your driving skills, and it's a great way to show off your racing prowess.
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Finally, one of the main reasons why people love driving fast cars is the experience that comes with it. When you're driving at high speeds, you feel like you're on top of the world, and you can't help but feel alive. It's an experience that you'll never forget, and it's one that you'll want to have again and again.
### Conclusion
In conclusion, there are many reasons why people love driving fast cars. It's the thrill of speed, the competition, the aesthetics, and the experience. It's a passion that many people share, and it's one that
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# Is Dogecoin's Bullish Momentum Over After 18% Retreat From Recent Highs? Not Yet, Say Analysts
Dogecoin DOGE/USD may have retraced significantly this week, but whale investors have still not given up on the king of meme coins yet.
What Happened: On Tuesday, popular blockchain research firm Santiment took to X to share its findings of Dogecoin's recent performance. The firm noted a significant 18% drop from its recent highs on Saturday but highlighted that whales were still very active on the network.
The total number of addresses involved in DOGE transactions daily surged to 63,689 in the past three days, marking the largest 3-day growth in six months.
Additionally, more than 1,200 transactions worth over $100,000 were recorded preceding the local top on Saturday, the highest whale activity since May 26-28.
🐶 Dogecoin has retraced -18% from its top back on Saturday. But on-chain activity indicates that whales may not be done with all the bullish momentum of crypto's top meme coin. Though they took profit just before the top, their activity remains very high on DOGE's network. pic.twitter.com/FsmWJGkSE6— Santiment (@santimentfeed) October 2, 2024
“Though they took profit just before the top, their activity remains very high on DOGE’s network,” remarked Santiment.
DOGE's bullish potential was also underlined by widely followed cryptocurrency trader Ali Martinez. In an X post, he observed the formation of a MACD bullish crossover on the weekly chart.
Citing history, Martinez said that previous occurrences of MACD bullish crossovers preceded rallies of 90% and 180%, respectively.
The MACD is primarily used to gauge an asset's overall trend. When the MACD line crosses above the signal line, the sentiment is bullish, and when it crosses below the signal line, the sentiment is bearish.
The last two times #Dogecoin $DOGE had a MACD bullish crossover on the weekly chart, it rallied 90% and 180%, respectively. A new MACD bullish cros
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